WSJ's latest survey of economists predicts the recovery in the job market will not happen until the second half of 2010.
I'm still undecided on what I think the recover will be in the job market. I'm obviously not an 'expert' but I think the rapid shedding of jobs has left companies particularly vulnerable when the inevitable recovery does occur. Therefore, what I see is an unexpectedly quick bounce-back in the job market and hopefully one that happens sooner rather than later.
On a side note, I had the experience of a job fair today, with a view from the opposite side of the table (from the hiring company side). It was a unique experience and while most resumes that we saw were from employed individuals looking for an 'upgrade' I felt both a sense of embarrassment and shame when walking into the event. Embarrassment because I am employed when so many are not (even if that's not exactly true in the NoVa job market) and shame because I didn't want people to think I was looking for a job myself. So it was humbling in several ways.